Tax Services: Planning and Preparation
Pinnacle works with its clients in all areas of taxation including:
Pinnacle works with its clients in the areas of business and personal income tax. We optimize tax positions in both areas for the business owner. We work with a variety of legal entities including: C-Corps, S-Corps, Partnerships and LLC's. We have been able to reduce tax liabilities for over 80% of our clients! One example of our work in this area, was with one of our retail clients who came to us under audit by the IRS. Our work with this client, resulted in the reduction of their corporate income tax liability by over 75%, saving them over $250,000 and allowing them to continue doing business.
Pinnacle prepares sales tax filings for our clients that do business in multiple states to ensure sales are properly categorized, all available tax credits and deductions are taken, and that our clients sales tax is minimized. One example of our work in this area, was the reduction in sales tax for one of our retail clients in the state of Michigan, where we were able to reduce tax liabilities in several instances, saving them thousands of dollars.
Pinnacle accurately prepares and files franchise tax filings for clients to ensure clients comply with all state tax regulations and franchise tax is minimized. Pinnacle has prepared and filed franchise tax filings in several states including Texas and Delaware. On example of our work in this area, was the reduction in franchise tax by over 50% for one of our transportation clients doing business in the state of Texas.
Pinnacle prepares property tax filings for our clients to ensure all personal and real property is properly classified and valued by the county, all tax credits and deductions are obtained and property tax is minimized. One example of our work in this area, was the use of personal property tax credits to reduce personal property tax for one of our commercial printers by over 75% for three years.
Pinnacle prepares employment tax filings for our clients, including federal forms 941, 940, w-3/w-2 and various state forms including A1QRT and UC018 for Arizona. We also help our clients take advantage of all the tax credits and deductions that are available for such things as early filing and research and development. One example of our work in this area, includes the use of R&D income tax credits to reduce our technology clients payroll tax. The use of these credits reduced their payroll tax liability by over $250,000 in the past 18 months.
Tax laws change every year, with major changes developing every 3 to 4 years. Tax planning can have a significant impact in how much your company pays to the government. Pinnacle is always knowledgeable about the latest tax laws so that our clients can take advantage of these changes. Pinnacle works with its clients several times throughout the year to ensure: the clients current financial position is clearly understood, innovative tax strategies are up to date, and tax strategies can be implemented quickly and efficiently before year-end.
Pinnacle works with its clients to ensure their tax filings are accurate, complete and minimize their tax liability. We also represent our clients with various federal, state and local tax agencies.